March 20, 2015, Volume 4, Issue 32

03/20/2015

Update: On March 18, 2015, the Commission issued a finding and order adopting AEP Ohio’s alternate proposed economic development rider (EDR) rate of 2.03573 percent. This marks a decrease from the previously-approved EDR rate. The Commission also noted that although AEP Ohio sought to recover amounts related to the stipulation in the Ormet complaint case in this proceeding, the stipulation remains pending; therefore, only the Ormet deferrals previously authorized by the Commission for recovery through the EDR are approved. In the event that the stipulation is subsequently found to be reasonable and is adopted by the Commission, the Commission stated that AEP Ohio will then be authorized to file an application to modify its EDR rate for the remainder of the rate period, upon conclusion of the Ormet complaint case.

Top